Report: Lessons Learned from the Paycheck Protection Program
Report: Public Money For Private Equity: Pandemic Relief Went To Companies Backed By Private Equity Titans
The Paycheck Protection Program, a critical pillar of the CARES Act pandemic relief legislation, failed to equitably distribute money despite an avowed goal of focusing on small businesses, according to a new report from AFREF and six other public interest organizations and labor unions. The post Report: Lessons Learned from the Paycheck Protection Program appeared […]
FACT SHEETS AND REPORTS: Big Banks Should Not Be Permitted to Pay Dividends in the Current Crisis
This study estimates that at least $5.3 billion in CARES Act money went to 611 portfolio companies owned or backed by private equity firms that held $908 billion in cash reserves. The post Report: Public Money For Private Equity: Pandemic Relief Went To Companies Backed By Private Equity Titans appeared first on Americans for Financial […]
Report: Pirate Equity: How Wall Street Firms are Pillaging American Retail
At the peak of the coronavirus pandemic, big banks will be paying some $13 billion in shareholder dividends. If this level of dividends continues for the rest of 2020, big banks could be permitted to pay out over $50 billion in dividends for 2020.
AFR-CEPR Research: Small Donations Show Growing Power of Grassroots Vs. Wall Street
New report revealing how in the last 10 years, a staggering 597,000 people working at retail companies owned by private equity firms and hedge funds have lost their jobs. An estimated additional 728,000 indirect jobs have been lost at suppliers and local businesses, meaning Wall Street’s gamble on retail has led to more than 1.3 million job losses in total.
New Report: The Volcker Rule: Its Past, Present, and Uncertain Future
New members of Congress demonstrated substantially less reliance on money from the financial services industry than incumbents who won re-election in 2018. First-term Democratic members of the House raised, on average, 17 percent of the money for their campaign committees from small donors, compared with 9.4 percent by Democratic incumbents who won re-election.
Americans for Financial Reform Education Fund published a new report describing the history of the Volcker Rule and the efforts of the financial industry to undermine it. The Volcker Rule is a central element of post-crisis financial regulation that is intended to be a modern version of the Glass-Steagall division between commercial banks and Wall […]